All Forum Posts by: Ned Micic

Hi Everyone,

Last year i purchased a mixed use property 2 stores / 2 apartments. The property is a one floor property with the stores in front and the apts on the side. I got a killer deal on the property so i was very happy about that. I have some cash from another property i sold at a 45K profit and was thinking about adding 2 more floors to my mixed use property. I was wondering if i could build on top of my property is the whole property is occupied? Will something like this be an issue since both stores and both apartments are occupied? Has anyone else been in this situation before?

Hello everyone, im looking for an experienced commercial mortgage agent in North Jersey. Im looking to refi my mixed use commerial property and pull cash out. Ive owned the property for 10 months and purchased the property cash. The property is under an LLC on with shares split evenly between 3 share holders. If you can help me please message me. Thank you!

Im currently in attorney review for a single family home that I’m purchasing. I was told the property had a underground oil tank that was properly abandoned back in 2003. I had asked the owner of the property if i can remove the tank while we are under contract and they did not agree to it. When i spoke to the realtor he told me I can hire a company to test the soil around the tank. Is it worth the risk to buy this home with the oil tank? Im willing to pay for the soil testing but i don’t know how accurate it is. I don’t want to he stuck in a home that needs to be remediated.

Does anyone have a commercial lease contract template or know where I can find one? Is there any good websites I should go to? I dont feel like spending the money going to a lawyer since its a simple retail contract.

Hello everyone, I just purchased a mixed use commercial property. The property currently has a retail deli/store that I’m renegotiating a lease with. The owner had asked me if I would be ok with his store being open 24/7. I definitely would not allow it to he open 24 hours but I have been thinking about allowing them to stay open until around 1-2am. The property isnt located in the greatest area of town. Do you guys think this is a good idea? Anything I should know before i allow them to stay open this late? Any tips would be greatly appreciated !

Whats the best way to finance for a commercial property? I'd like to get a fixed rate over 30 years but rates are around 8-9%. Is there any other way to finance a commercial property to get a lower rate?

Hello everyone, Theres a home in my neighborhood that looks like it has been foreclosed. The house is not on the MLS. Whats the best way to get in touch with an asset manager before the house is listed on the MLS? The owner does not live there any longer and does not have any other address listed on the tax record. What can I do to place an offer on the home before it hits the market?

Hi guys, I had a potential renter approach me and tell me that his credit is low but he will pay 1 year rent upfront in cash. It sounds good but I feel like this is a huge red flag. Anyone ever experience something like this? What are the cons of taking 1 years rent in one lump sum?

Mario, its nice to see someone else my age getting into the real estate / investment game. I am a licensed realtor in North Jersey and myself own a multi fam investment property in Paterson. If interested, I can give you advice or even help you purchase your first investment property.

Hello BP! I found a HUD property that I'm interested in purchasing. I reached out to the L/A and was told the first 2 weeks the property was under the HUD first look program which gives owner occupants a change to bid on the property. Not that I would ever do this but, what would happen if an investor purchases the property claiming that he will live there? What type of consequences would the investor face? I like the property but I will wait it out until its time that investors can bid.